Recreational Vehicles (RVs) are becoming increasingly popular. And why not? You can go where you want to go, without concern for whether there is an airport, train station or bus station. You are free of any schedules except your own. And you can travel to the remotest areas or the biggest hot spots, as long as you can find a place to park your RV.
What qualifies as an RV? While many might think of the "house on wheels", RV insurance includes all types of recreational vehicles like your motor home, travel trailer, fifth wheel or medium duty tow vehicle.
Depending on the type of RV that you have, you will have differing insurance needs. If your RV is really your cottage on the road, you will need to have many of the same kind of coverages as you would on your residence. But you'll also need the kind of coverage that you require for your vehicle. This is where RV insurance can be a complex maze to sort through.
A little research will take you a long way. We have information on the common types of coverages. There may also be other more "exotic" coverages that you can get, depending on your needs. Checking with a local broker who knows about RV insurance can be another good source of information.
However, this is where you need to be careful to get exactly the coverage you need. Each RV is unique; it's contents are unique; and your use of it is unique. Keep in mind your budget. While some coverages may sound good, can you afford them? If you don't get those coverages, can you afford to pay for replacement or repair yourself? For instance, you may not need a lot of contents coverage, because you may only keep your "old, but still useful" household items in your RV.
You may also need different insurance coverage for different parts of the year. Do you store your RV in the winter? Cancel driving-related or travelling-related coverages that are not required. Reduce your RV insurance to appropriate levels for storage conditions. When you are ready to travel again, increase the coverage appropriately.
RV insurance is usually obtained in one of two ways: as an add-on to your auto insurance or via a separate RV insurance carrier. However, you need to keep your unique requirements in mind:
- Part-time use only
Check for off-season discounts on the premium, if you only use your RV part time.
- Living in your RV
If you use your RV as your full-time residence, consider a "fulltimers" endorsement, which will cover property and losses in and around your RV, in addition to the usual coverages. After all, if you lose your lawn chairs from outside your RV, you'll want them covered.
If you add an antenna, awning, entertainment center etc. to your RV, make sure that your RV insurance policy covers these additions.